Summary
Nicholas Silver Income ETF is an ETF - a fund traded on an exchange like a stock - run by Nicholasx. Positions inside: 43. The ten largest make up 92% of the fund.
- Yearly costs
- 1.16%
- Fund size
- $8.23M
- Positions
- 43
- Dividend yield
- 10.19%
- Running since
- 2026
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 92% of the fund, so its result rests on a few names.
- 52% of the fund is in one sector (Financials).
- Costs of 1.16% a year are above the middle of comparable funds (0.44%).
- In the last five years its price once dropped by 52% from its high.
- A young fund: it has been running only since 2026.
- A small fund with $8.23M under management; small funds get closed more often.
- It trades little: only about $256.4K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -19%
- 3 months
- -0.1%
- Avg. market cap
- $19.0B
- P/E
- 15.8x
- Forward P/E
- 12.6x
- P/S
- 2.2x
- P/B
- 2.3x
- P/FCF
- 10.3x
- EV/EBITDA
- 8.8x
- Dividend yield
- 1.66%
- ROIC
- 9.4%
- ROE
- 11.3%
- Gross margin
- 56.7%
- Operating margin
- 37.8%
- Net margin
- 25.4%
- Payout ratio
- 26.3%
- Net debt/EBITDA
- 0.4x
- Beta
- 1.63
Weighted average of the 12 largest companies, which make up 57% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 SIabrdn Physical Silver Shares ETF SIVR 45%
- 2 SSSwiss Re AG SSREF 6.7%
- 3 FSFortuna Silver Mines FSM 5.8%
- 4 PAPan American Silver Corp. PAAS 5.4%
- 5 WPWheaton Precious Metals Corp. WPM 5.3%
- 6 SVSevern Trent Plc SVTRF 5.2%
- 7 FMFresenius Medical Care AG & Co. KGaA FMCQF 5.2%
- 8 OROsisko Gold Royalties Ltd OR 4.8%
- 9 EXEndeavour Silver EXK 4.2%
- 10 HLHecla Mining Company HL 4.1%
Positions in the fund: 43. The ten largest make up 92% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Financials 52%
- Basic materials 40%
- Utilities 5.2%
- Healthcare 5.2%
By country
- United States 56%
- Canada 29%
- Switzerland 6.7%
- United Kingdom 5.2%
- Other countries 5.2%
By company size
- Large cap 64%
- Mid cap 26%
- Small cap 10%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 57% of the fund.
Largest sector: Financials (52%). Largest country: United States (56%). Largest size group: Large cap (64%).
What does it cost me?
Expensive- A year from $10,000
- $116
- Over 20 years
- $5,286
From every $10,000 invested the fund takes $116 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $5,286.
How has it done?
- Deepest drop
- -52%
It has traded for less than a year, too short to judge.
Does it pay dividends?
Yes, it pays out- Yield
- 10.19%
- Last payment
- $0.06
Over the last 12 months it paid $1.28 per share, which is 10.19% of today's price. The last payment was $0.06 on Oct 19, 2026.
Is it easy to buy and sell?
It trades little- Traded a day
- $256.4K
- Shares a day
- 20K
On an average day about $256.4K of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 15.8
- Average Bulios Score
- 68 out of 100
Weight by Bulios Fair Price
- Undervalued 9.7%
- Fairly valued 10%
- Overvalued 80%
On average the companies inside trade for 15.8 times their yearly profit. By Fair Price, 80% of the rated weight comes out as overvalued.
Counted from its largest companies (12), which make up 57% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
SI SILJ Amplify Junior Silver Miners ETF | United States | 0.69% | $3.31B | -0.4% | Pays out | 28% |
SL SLJY Amplify SILJ Covered Call ETF | United States | 0.76% | $56.8M | -15% | Pays out | 26% |
SI SIL Global X Silver Miners ETF | United States | 0.65% | $4.16B | +8.6% | Pays out | 21% |
